Leicester, 7 October 2025 – Accountants don’t have any time to waste in getting their purchasers signed up for Making Tax Digital (MTD) for Earnings Tax, in response to tax specialists introduced collectively by Mercia.
That was the clear warning on Mercia’s MTD: Getting Prepared webinar that introduced collectively HMRC with small enterprise tax specialists.
These with qualifying revenue over £50,000 within the 2024/25 tax 12 months might want to use MTD from subsequent April. For the primary section of MTD for Earnings Tax the mandated revenue sorts are property (together with international property) and self-employment for these not in a partnership.
MTD will introduce the necessity to hold digital information and file quarterly updates by way of third-party software program. A closing MTD return will likely be used as an alternative of the present HMRC on-line return however the deadline for submission of the ultimate return and the cost dates will keep the identical.
Victoria Kelly, Managing Director at Mercia, stated: ‘The message from HMRC and different tax specialists at our occasion was clear: each qualifying shopper must be signed up now. Accounting practices leaving it till subsequent 12 months danger operating out of time to onboard purchasers onto the MTD system.
‘Accountants solely want to enroll purchasers as soon as. Whereas purchasers can enroll themselves, it’s not really helpful. The method is similar ultimately, however the route is completely different – and that impacts how accountants handle their position as trusted advisors.’
